By now you’ve heard that Zillow’s “iBuying program goes from full speed to full stop,” in the words of CNN. They will stop buying homes through Zillow Offers for the rest of the year in order to work through the backlog of homes it has already bought. The “iBuyer” model used by Zillow and other real estate companies involves purchasing homes directly from sellers (at a low price), and then re-listing the properties (at a high price) after doing minor work. They then keep the value they created for themselves.
When someone you love passes, there are often many logistics details to sort through on top of the emotional mourning and adjustment that people face. Working through how to handle the loved ones financial commitments and personal/business assets and belongings often becomes the responsibility of others. The below article was written by Sam Saad, a local real estate attorney, to help agents who may be listing properties that are part of estates. I have modified the article slightly with Sam's permission to be appropriate for the general audience in order to provide some high-level considerations if you involved in home sale of a deceased family member.
Do you know about the new flood risk ratings and how they impact flood insurance? Naples Real Estate
Effective October 1st, there are new changes being implemented that affect flood insurance guidelines and costs. Are you familiar with the high-points of these changes? Matt Nance from Responsive Insurance has provided some a nice, high-level summary to give important insights on this change that is just around the corner.
In a sea of nearly 7,000 real estate agents in just Naples, Florida alone, how are you supposed to choose the right real estate agent for such an important life event. We'd like to share the top 10 reasons the Renee Hahn group might be the right fit for you.
In this hot market, many sellers are expecting a quick sale for top dollar. Unfortunately, that doesn't always happen for a variety of reasons. If your home isn't selling in a hot market here are some causes to reflect on and make any necessary adjustments to help shift the trending. Although you shouldn’t panic, you should start asking questions if you aren't getting any serious offers.
You have made the decision, you are ready to find the home of your dreams. Before you get too deep into your search, it is always best to connect with a lender to help guide you to setting your purchase budget. This will save you time and headaches and make your search go smooth. It will also prepare you to make competitive and winning offers. Selecting the right lender for you is important. Let's look at some questions to help you on that path.
Naples is know for its breath and diversity of dining experiences. I often say that I could eat out every day and still not have hit them all. There are so many great restaurants in Naples it was hard to down select. But, I don't know about you...on those rare occasions when we venture out for a dinner, I always love some place with a little personality. Places that offer a setting that is just a little different than the others. Sure, some of the best places to eat in Naples may be in the most unassuming locations/settings... but for this post, I want to focus on five of my favorite restaurants in Naples that offer personality.
The home inspection process is an opportunity for discovery... to provide buyers insights about the condition of the home as a part of their home buying decision making. A study of 50,000 home inspections were analyzed and results summarized on RepairPricer.com. These are national findings and give you some insights into the more common findings.
Naples is known to attract home buyers looking for a golf lifestyle because we have over 90 championship courses in town. If you are going to consider golf communities, it is important to understand some up front overview information. This 15-minute video provider some good insights to get you started.
A home appraisal is a third-party opinion of the market value at a specific point in time, meaning what is the most probable price a willing buyer would pay for a specific property.
The appraised value of a home is based on an analysis of the property’s condition and the most recent sales for similar homes. Home appraisals are required if you are getting a mortgage and are to help the lender and the buyer ensure that they are investing their money in an asset that will be "worth" the price they are paying.
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